Spanish public debt inches lower in April: Bank of Spain

MADRID: Spanish gross public debt dropped by 16.33 billion euros ($18.37 billion) in April from a month earlier to 1.08 trillion euros, the Bank of Spain said on Friday.

Debt was 98.99 percent of gross domestic product in April, according to Reuters calculations using seasonally adjusted GDP data between the second quarter of 2015 to the end of the first quarter of this year from the National Statistics Institute.

That was down from 100.49 percent a month earlier and compares to the government's own end-of-year target of 99.1 percent.